Tennessee provides insurance coverage for up to $ 25,000 in annual health expenses. Of the $ 25,000,

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Tennessee provides insurance coverage for up to $ 25,000 in annual health expenses. Of the $ 25,000, the most that can be spent on hospital bills is $ 15,000. Expenses above these thresholds are not covered by the state plan. Is Tennessee consistent with the theory of efficient insurance?
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Public Finance

ISBN: 978-0078021688

10th edition

Authors: Harvey Rosen, Ted Gayer

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